GXO Q1 revenue $2.5B (+6% YoY); net loss $36M on $63M litigation charge; wins up 55%

GXO Logistics, Inc.

2024-Q1 EPS reported -$0.31 revenue$2,456,000,000

Revenue $2.5B (+6% YoY); net loss $36M vs net income $26M; adjusted diluted EPS $0.45 vs $0.49.
New business wins ~$250M annualized (up 55% YoY); sales pipeline at 12-month high of $2.2B.
Completed Wincanton acquisition on April 29; expects double-digit accretion to adjusted EPS post-synergies.
Adjusted EBITDA $154M vs $158M; $63M legacy litigation expense drove net loss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GXO Logistics, Inc. reported first quarter 2024 results: revenue $2.5 billion, net income Net loss was $36 million, EPS Diluted loss per share was $0.31.

Period: first quarter 2024
Revenue: $2.5 billion
Net income: Net loss was $36 million
EPS: Diluted loss per share was $0.31
Result: reported results

Exact text from the filing

GXO Reports First Quarter 2024 Results • First quarter revenue of $2.5 billion, up 6% year over year

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GXO Logistics, Inc. filing history →

Source: SEC EDGAR

accession 0001852244-24-000012

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